Cannon Trading Futures Blog: Daily Support and Resistance Levels
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Dear Trader,
Volatile action in a strong down day. One piece of advice I can pass on about summer trading is, "expect the unexpected." Hence, use stops on every trade.
LEVELS:
| Contract (SEPT. 2007) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1565.23 | 2120.00 | 14137 | 844.07 |
| Resistance 2 | 1554.47 | 2087.00 | 14056 | 837.03 |
| Resistance 1 | 1538.23 | 2076.00 | 13932 | 827.37 |
| Pivot | 1527.47 | 2043.00 | 13851 | 820.33 |
| Support 1 | 1511.23 | 2032.00 | 13727 | 810.67 |
| Support 2 | 1500.47 | 1999.00 | 13646 | 803.63 |
| Support 3 | 1484.23 | 1988.00 | 13522 | 793.97 |
| | | | | |
| Contract | August Gold | Sept. Euro | Sept. Crude Oil | Sept. Bonds |
| Resistance 3 | 692.93 | 1.3928 | 75.44 | 109 4/32 |
| Resistance 2 | 690.47 | 1.3903 | 74.82 | 108 29/32 |
| Resistance 1 | 687.63 | 1.3874 | 74.19 | 108 22/32 |
| Pivot | 685.17 | 1.3849 | 73.57 | 108 15/32 |
| Support 1 | 682.33 | 1.3820 | 72.94 | 108 8/32 |
| Support 2 | 679.87 | 1.3795 | 72.32 | 108 1/32 |
| Support 3 | 677.03 | 1.3766 | 71.69 | 107 26/32 |
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
Wednesday, July 25, 2007
Economic
10:00am Jun Existing Home Sales (last 5.99M)
10:30am Crude Oil/Gasoline/Distillate Inventories
01:00pm Treasury's 2-year Note auction results
02:00pm Fed's Beige Book
Events
MBA Mortgage Applications (7:00, last 0.9%). Fed's Geithner speaks about Global Integration in DC at 5:15pm. Trades Ex-dividend: CLX $0.40, COST $.145, PNR $0.15, PETM $0.03.
Earnings
Before the Open: AMG APD ALXN ALGN ATI ABK ABI ACAT ABFS ARW ASH ASPM ATMI BA CACH CSL CRA CHIC CPS CBR CXG CL COP CVG GLW CRF DADE DOV ECA EPIC ETH FNF FLIR FCX GLS GENZ HES IHP JAKK KEM KMT KRC LII LIFC LPX MPX MDP MNC NBR NOV NYT NSC NCX NYB PMTC PAS PFCB PLUG PRAI PX RAI ROK RES R SEE SLAB SNA SNWL SPNC STE SY TIN MDCO TRAD TRB XPRSA WLP XEL XRX ZBRA. During Trading Hours: BUD. After the Close: AEA AEIS ADVS AFFX ARG AKAM ACL ACLI AGP AAPL AMCC ARBA ARRS ASIA BIDU BDN CBT COG CDNS CLDN CRUS CVGI CLB CSGP CVD CVA DSCM ETFC EQIX ESRX FFIV FIC FADV FISV FMC FORM GDI ROCK GGG GRP GSIC HLIT IRBT KEX LOOP LSI LMNX MTSN MDC WFR MCRL MCRI MTSC MUR NARA NEWP NHWK NMSS NUVA OMTR OSG OI PCTI PHRM PLXS PSSI PSYS PHM QCOM STR RARE RESP RNOW RIMG RYL SANM SCRX SCSS SMTL SFG STNR SYMC SMMX TEX TSCO TZOO TQNT TGI TYL VARI WSTL WLL ZMH.
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!
Sincerely,
Ilan Levy-Mayer, M.B.A
Vice President / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com
http://www.E-Futures.com
ilan@cannontrading.com
Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #614
Beverly Hills, Ca 90210
The finest compliment I can receive is a referral from a trusted client.
* Important Please Note:
Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and does not ensure any profits.
These are risky markets and only risk capital should be used.
Past performances are not necessarily indicative of future results.
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